Alexandria Real Estate Equities (NYSE:ARE) Stock Rating Lowered by JPMorgan Chase & Co.

Alexandria Real Estate Equities (NYSE:ARE) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report released on Thursday, MarketBeat reports. They presently have a $56.00 target price on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 8.11% from the company’s previous close.

ARE has been the topic of a number of other reports. Zacks Research raised shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Cantor Fitzgerald raised their target price on Alexandria Real Estate Equities from $43.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. BMO Capital Markets lifted their price target on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Friday, June 12th. Morgan Stanley reiterated an “underweight” rating and issued a $53.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Finally, Wall Street Zen cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $53.38.

Alexandria Real Estate Equities Stock Down 3.8%

ARE opened at $51.80 on Thursday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. Alexandria Real Estate Equities has a 52 week low of $39.41 and a 52 week high of $86.74. The company has a market capitalization of $9.03 billion, a PE ratio of -8.55 and a beta of 1.15. The firm has a 50-day simple moving average of $51.26 and a two-hundred day simple moving average of $49.36.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.52). The firm had revenue of $662.78 million for the quarter, compared to analysts’ expectations of $464.86 million. Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The business’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Analysts forecast that Alexandria Real Estate Equities will post 6.39 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman Joel S. Marcus purchased 5,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were purchased at an average price of $49.68 per share, with a total value of $248,400.00. Following the acquisition, the chairman directly owned 597,724 shares of the company’s stock, valued at approximately $29,694,928.32. This represents a 0.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Andres Gavinet sold 10,000 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $50.93, for a total value of $509,300.00. Following the sale, the chief accounting officer directly owned 102,516 shares of the company’s stock, valued at approximately $5,221,139.88. This trade represents a 8.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.35% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

A number of large investors have recently added to or reduced their stakes in ARE. BlackRock Inc. purchased a new position in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $1,146,423,000. Norges Bank purchased a new stake in Alexandria Real Estate Equities during the 4th quarter valued at about $805,429,000. Bank of New York Mellon Corp purchased a new stake in Alexandria Real Estate Equities in the second quarter valued at $79,253,000. Legal & General Group Plc purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at approximately $76,647,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Alexandria Real Estate Equities by 52.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,582,387 shares of the real estate investment trust’s stock valued at $175,322,000 after buying an additional 1,236,781 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space designed to support organizations working in biotechnology, pharmaceuticals, medical devices, diagnostics, agriculture and related technology fields.

Founded in 1994, Alexandria focuses on properties located in established innovation clusters, where its campuses bring together research institutions, universities, hospitals, government agencies, start-ups and established companies.